Wall Street’s New ‘Shadow Banks’ Are on a Tear. They Want Your Money.
May 30, 2025 by Miriam Gottfried
Tom and Laurie Hegna bought annuities as part of their retirement planning.
Robert Plowright took out a loan for a home-renovation project.
They didn’t know it, but they were on opposite ends of a multitrillion-dollar financial machine that has become the hottest thing on Wall Street, transforming who lends money in the global economy and where the capital comes from.
Wink’s Moore on the Market: I’m not sure I am as brave as my friend Tom Hegna.
He’s letting everyone know who has his annuities, and how much he has in them- in this The Wall Street Journal article by Miriam Gottfried. -sjm
Originally Posted at MSN on May 2025 by Miriam Gottfried.
Categories: Industry Articles
